Claims Solutions

Pricing Data Services: Research-Driven Pricing Intelligence

Defensible, market-based pricing intelligence that empowers insurance professionals and contractors through methodologically rigorous research.

The challenge of cost accuracy

When pricing intelligence falls short, everything breaks down, leading to compliance risks and settlement delays. When stakeholders can't agree on fair market value, everyone loses time, money, and the trust that powers efficient claim resolution.

A current and local pricing database

Verisk is the industry leader in research, as our pricing data represents the standard of reliability and consistency. Our team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.

Time and materials cost

We rely on over 50,000 providers of materials, equipment, and labor. Additionally, we collect more than 345,000 survey points each year.

Analyzed damage repair estimates and surveys

We analyze more than 5 million estimates annually, collecting data from more than 13 million data points and examining over 7,300 survey points each month.

Contents pricing data

Verisk maintains the largest contents database in the industry, featuring millions of vendor-specific items, 300,000 discontinued items, and 8,000 general quote items.

Quality over frequency. Methodology over arbitrary updates. Market reality over opinion.

While others rely on simple market polling, factoring, or calendar-driven adjustments, our approach delivers methodologically superior pricing intelligence through rigorous scientific research that provides transparent and defensible data.

Your partner in market intelligence

As the industry's most comprehensive pricing research provider, we report market conditions with rigor and transparency. Our responsibility? Delivering accurate market intelligence that reflects fair value, empowering all stakeholders with insights on genuine market conditions and your specific business requirements.

Here's how we do it, and why it strengthens every settlement across the industry.

The data behind industry confidence

Claims decisions need solid ground. That’s why we’ve built the industry’s most comprehensive foundation of pricing research:

50,000+ active data sources across materials, equipment, and labor providers

5 million+ estimates analyzed annually representing billions in completed claims

345,000+ survey data points collected each year from market participants

460+ localized markets across the United States and Canada

Advanced analytics that identify market consensus

Our proprietary cluster analysis, developed by economists, identifies genuine market consensus while filtering out statistical anomalies. This means your pricing reflects true market conditions, not outlier data that skews results and undermines credibility across the claims process.

Responsive when market conditions shift

During disasters when market conditions shift rapidly, we publish updates because claims can't wait for the next monthly cycle.

Geographic precision

Each market area reflects actual local transactions and supplier data—not broad regional averages or factored results that miss true local market conditions.

Built for the entire industry

For insurance professionals

Defensible intelligence: Research methodology transparency with detailed component review you can stand behind
Independent verification: Random sampling processes to validate pricing information
Comprehensive documentation: Labor productivity assumptions and overhead/markup accounted for and documented in white papers.
Transparent pricing: “Open for inspection” approach allows detailed analysis when questions arise

For contractors and restoration professionals

Market reality: Pricing derived from actual completed jobs and contractor surveys in your specific market area
Real-time integration: 400,000+ daily estimate submissions ensure current data
Economic intelligence: Market conditions adjustments capture supply-demand dynamics
Realistic assumptions: Labor minimums based on restoration environment realities

A scientific approach

Our research-driven methodology

Multi-tiered research with economist-developed cluster analysis
Actual transaction validation from completed jobs
460+ localized markets based on real local data
Quality-driven updates when market analysis indicates change

Competitor methods

Simple market polling and factoring methods
Demographic modeling assumptions
Broad regional averages
Calendar-driven changes regardless of market conditions

Three-phase methodology

Phase 1: Comprehensive market research

We analyze market price points from numerous third-party sources and thousands of daily in-field estimates along with current surveys—actual transaction data from real jobs completed across the industry every day.

Phase 2: Rigorous review and verification

Data integrity checks and organization of collected research ensure accuracy before analysis begins.

Phase 3: Scientific analysis and publication

Cluster analysis on research subsets identifies mid-range market price points. This proprietary process was designed by university-level economists to ensure every published price reflects genuine market conditions rather than statistical anomalies that could undermine settlements.

Why our approach matters

While Verisk updates pricelists monthly, this doesn't mean every individual price is freshly surveyed each month. Our methodology focuses on quality over frequency, because what matters isn't how often we update, but how accurate and defensible our updates are when we make them.

Hourly billable labor rates are updated monthly based on various data sources, and most items include a labor component, so these items receive monthly updates. While not every individual line item is updated monthly in every market, material and equipment components are updated when our market analysis indicates changes are warranted.

Our published cost information represents reported market prices based on recent submissions. While there's no guarantee any published price will be appropriate for every specific situation, having cost information based on recently submitted prices gives everyone an extremely valuable tool for creating appropriate repair estimates, providing a foundation from which all parties can decide whether the price should be accepted or adjusted for specific circumstances.Verisk provides quality-driven updates when market analysis shows actual change, and not all individual line items are updated monthly in every market.

Your voice shapes our intelligence

How to provide pricing feedback in Xactimate^®

Market intelligence works best when it flows from all corners of the industry. Whether you’re seeing pricing patterns from carrier data, field experience, or job sites, your insights help us refine our research and ensure our pricing reflects the reality everyone experiences.

Monthly research insights

We compile our discoveries into a comprehensive monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights specific to the month’s developments. These aren't just data dumps—they're strategic intelligence you can use to anticipate market shifts and position your organization ahead of change.

Read the monthly pricing update

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The industry’s largest contents pricing database

Verisk maintains the largest contents database in the industry, featuring millions of vendor-specific items, 300,000 discontinued items, and 8,000 general quote items.

Related resources

Learn more about Verisk’s Pricing Data Services.

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The power of transparent pricing

Verisk’s market-based pricing intelligence helps insurance and restoration professionals accelerate settlements, defend estimates, and adapt to changing market conditions.Explore how rigorous research and real-world data can help you close claims with confidence.

Download the white paper